Clause raises $5.5M

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Clause, a provider of cloud-based smart contracting technology, has raised a $5.5 million Series A round. The investment was led by Galaxy Digital, with participation from DocuSign, and existing investors BN Capital at Lerer Hippeau, and London-based Seedcamp.

Raptor Group, Galaxy Digital’s EOS VC Fund backed by Block.one, Nat Turner and Zach Weinberg (co-founders of Flatiron Health), Tom Gonser (founder of DocuSign), and Jonathan Summers (co-founder of Everett Capital Advisors), also invested in the round.

As part of the Series A round, two new executives will join the Clause board; Mike Dinsdale, CFO of cloud-based enterprise people management company Gusto, and Greg Wasserman, co-head of Principal Investments at Galaxy Digital.

[Image courtesy: Clause]